The Kenya Bankers Association (KBA) has filed a case in the High Court against the Insurance Regulatory Authority (IRA), over the latter's ban on bancassurance commissions or fees receivable from insurance companies.
The bancassurance channel accounts for 10% of the insurance industry’s revenue, contributing at least KES35bn to gross written premiums. There are at least 24 registered bancassurance intermediaries in Kenya, reported the newspaper The Standard.
In 2025, the IRA directed in a circular that all premiums should be remitted to insurers in full and not net of commissions.
KBA lawyer Mr Georgiadis Khaseke said, “The petitioners and their members are aggrieved by the circular because its implementation will irreversibly disrupt the bancassurance sub-sector and affect the penetration of the insurance services within the country, as it declares illegal all service-based fees which are paid by insurers to bancassurance intermediaries for the provision of auxiliary services.
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